GRT made a nice top at nearly $0.8 and now we are approaching the end of the corrective move (a nice -60%) if the falling wedge is confirmed (bullish signal).
The ABC corrective pattern seems to be completed as well and this means we should expect a pump and we can explore long opportunities.
Aim to long as soon as we break diagonal resistance with volume. Target is $0.5 cents.
Should a long opportunity not materialize or the broader market tanks for some reason, then GRT may fall lower at $0.20 cents. A break of support at $0.29 cents will also push us lower, so that support line must not fall if you are bullish and may provide a nice short opportunity, but be careful of fake outs.
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The ABC corrective pattern seems to be completed as well and this means we should expect a pump and we can explore long opportunities.
Aim to long as soon as we break diagonal resistance with volume. Target is $0.5 cents.
Should a long opportunity not materialize or the broader market tanks for some reason, then GRT may fall lower at $0.20 cents. A break of support at $0.29 cents will also push us lower, so that support line must not fall if you are bullish and may provide a nice short opportunity, but be careful of fake outs.
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